Feeds

Google doubles down on Q2 profit

Investors not moved

Top three mobile application threats

The time when Google doubling profits year-over-year impressed investors has passed. The ad broker-cum-search engine today reported a surge in second quarter profits to $721m from $343m in the same period last year. As a reward, investors sent Google's shares higher a paltry one per cent in the after-hours markets.

But it's not all ho-hummery in hypeville. Even those with the highest of expectations have to be impressed with Google 77 per cent rise in second quarter revenue to $2.46bn. "Google grew at an impressive pace during a seasonally slower quarter," said Eric Schmidt, Google's CEO. "We continue to deliver valuable new products and services to users around the world through our partnerships and investments in our business. Our strong performance results from our clear focus on increasing the quality of user experience, particularly in search and ads."

To reach its impressive revenue total, Google did have to shell out $785m in traffic acquisition costs (TAC), which amounts to 32 per cent of revenue. In the same quarter last year, Google reported TAC of $494m or 36 per cent of revenue.

Google exited the quarter with $9.8bn in cash, leaving it with plenty of money to buy colored balls for its 8,000 staff. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.